Search results

@fabyoga I'm a resident, a national. If you love corruption, go for it. Everything is bribable, almost everything is doable and as a foreigner you probably won't pay the price (jailtime) if something happens. Honestly for me the life seems expensive for the quality of life you are having...

@Martin Everson -600,000 Americans die from cancer -300,000 die from obesity -250,000 die from medical errors -120,000 die from Alzheimer's -55,000 die from flu -45,000 commit suicide - -700,000 babies are aborted -34,000 people die per year in traffic fatalities yet cars can go over...

Transferwise is not a bank, but a non banking financial institution. They are required to do your KYC only after 150K Eur a year. They don't report anything they shouldn't to anyone. I personally used them for years, not issues whatsoever, not reports no nothing. This does not mean it won't...

A short comparison of 2 democracies. I honestly think that the US is the only place where the individual still has a chance. I don't know who owns the puppet show in the USA but I know this : First they came for the Communists, And I did not speak out Because I was not a Communist. Then...

@Golden Fleece Yes you are right, I have the tendency to drift away from the subject. Sorry about that. What I wanted to point out is that he can : - Move to a state with no personal income (ex. Wyoming, Washington ), or at least set your fiscal residency there. He can live in a RV if he...

@Piano Well I will say it again to be clear :) 1% on income (you need to have 1 employee with at least minimum wage for 2 months, after you can put yourself on unpaid leave and still stay on 1%). Let's say you make Iphones, you sell them for 1M and even tough your expenses are 100k or 900k...

@Golden Fleece I don't understand why anyone would like to leave the US. Let's take a look at my mother's salary, Romania. Executive position in natural gas domain, 5 years away from pension : - She earns 18500 RON ( equivalent of 3750 EUR ) , - she pays 43% taxes, she is left with 10500...

Revolut / Transferwise for transferring funds from crypto markets and then Libra / Transilvania bank. It's not something illegal, it's just Romanian banks don't accept money from any crypto activity.

@GPT , yes indeed you are right, but think of it like this: 1. It's 10k a month or under - I'm not sure there is a sane sort of IRS in any country that will investigate someone for that sum. 2. If higher, it all depends what you do with your money, do you plan to buy a sports car? Do you want...

@Golden Fleece , socialists really love to tax people who actually take risks. Got a email from Revolut claiming FATCA. I plan to move to the US in the next year or so, but the European entities won't have a way to know this, I'll keep my national ID and everything and renew it for...

Go Romania, 1% income tax for a LLC ( up to 1M Eur a year), 5 % on dividends. Have clean money all over the world. I don't how understand what normal country would sign a treaty with Romania, but that is that. You need 183 days, but nobody is counting, we have over 5M people working in the...

Up to 1M Eur a year, Romania will cost you about 6% , as a LLC ( SRL ). The 6% is including dividend tax paid (5%), so it's your money not the company. You can make more companies if you exceed that.

You could open a Belize IBC, open a Transferwise account on the entity and spend money as much as you would like, all company paid. Sure most countries will make you pay tax on company gifts. I'm not even sure how we allowed them to get to this point. You can even open a Wyoming LLC and possibly...

@i888 officially yes, if you get a fiscal residence then all works via declaring. You complete Unique Declaration , saying you got X money from crypto, they will say you have to pay 10% from the profits and that is that. But on crypto they can't and won't actually verify source, from my...

Hit me up if you need Romanian TAX info. Incorporation, tax, residency, limits, bribes :)

Romania is 10% on crypto PROFITS. And you declare those, they have no way of checking you.

Romania, Up to 1M Eur a year, it's the following : 3% of all income ( regardless of expenses ), 1% if you have 1 employee with minimum wage ( about 500 euro from which about 150 are taxes ) 5% on dividents ( from all profit you take out ). Can be done each 3 months. It looks strict on paper...